Algebra-2

Question Analysis
This problem requires the student to determine the annual growth rate from the given initial and final values over a specified time period.

Key Concept Explanation
Exponential growth occurs when a quantity increases by a fixed percentage over each equal time period. The general model for exponential growth is , where is the growth rate (a positive decimal).

Step-by-step Solution
1. Identify the given information: Initial investment , final amount , and time years.
2. Set up the equation using the exponential growth model: .
3. Divide both sides by 2,000:

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